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CLK Properties Acquires Multifamily Property In Mobile, AL For $15.8M

Property Image
SOLD
$15,800,000
Aaron Jungreis

Alabama

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MultiFamily
Sold 08/17/2022
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Property Image
SOLD

CLK Properties Acquires Multifamily Property In Mobile, AL For $15.8M

1 Country Lane

See Similar Deals
MultiFamily
Sold 08/17/2022
Aaron Jungreis
Contact now

Summary

ALABAMA
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 1 Country Ln in Mobile, AL has been sold in a closed transaction. The property consists of 201 units and was sold for a total price of $15,800,000, resulting in a per unit price of $78,606. The sale was facilitated by brokers Aaron Jungreis and David Wildes from Rosewood Realty Group.

Summary of transaction details:

Craig Koenigsberg, representing CLK Properties, acquired the multifamily property located at 1 Country Ln. The transaction was successfully brokered by Aaron Jungreis and David Wildes from Rosewood Realty Group. The property's sale price and unit count makes it a significant addition to CLK Properties' portfolio.

Players

Aaron Jungreis
202 deals$4.3B volume(212) 359-9900
BROKER

David Wildes
Rosewood Realty Group
16 deals$340.1M volume
BROKER

Details

SOLD
IMAGE: Aaron Jungreis & David Wildes DATE: 08/17/2022 ADDRESS: 1 Country Ln. MARKET: Mobile, AL ASSET TYPE: Multifamily BUYER: CLK Properties - Craig Koenigsberg BROKERS: Aaron Jungreis (@AaronJungreis) & David Wildes - Rosewood Realty Group (@RosewoodRG) SALE PRICE: $15,800,000 UNITS: 201 ~ PPU: $78,606

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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